Data as of .
PPA vs WDGF: which is really different?
PPA and WDGF hold 50% of their weight in the same names, and PPA returned more over the year.
ETFIQ Off-Index Score: WDGF scores higher
How much of it is not the index it is sold as an alternative to?
A percentile among the 379 thematic ETFs with a holdings filing. It is a position in a set, not a rating, and neither end of it is a recommendation. All thematic ETFs ranked by it · How it is computed
50% of the two portfolios are the same securities at the same weight.
What they hold in common
By the books each fund has filed, PPA and WDGF hold 50% of their money in the same securities at the same weight.
| Holding | PPA | WDGF |
|---|---|---|
| RTX Corp | 8.16% | 5.46% |
| General Dynamics Corp | 4.99% | 5.19% |
| Lockheed Martin Corp | 6.67% | 4.94% |
| Northrop Grumman Corp | 5.04% | 4.92% |
| L3Harris Technologies Inc | 3.73% | 3.33% |
| TransDigm Group Inc | 2.92% | 2.75% |
| Boeing Co/The | 6.87% | 2.55% |
| Elbit Systems Ltd | 3.50% | 2.15% |
| Palantir Technologies Inc | 1.93% | 4.73% |
| Rocket Lab Corp | 1.70% | 2.33% |
| HEICO Corp | 1.50% | 2.04% |
| Curtiss-Wright Corp | 1.45% | 1.81% |
| Only in PPA | Only in WDGF |
|---|---|
| General Electric Co 6.77% | BAE SYSTEMS PLC 5.04% |
| Howmet Aerospace Inc 3.97% | RHEINMETALL AG 4.27% |
| Parker-Hannifin Corp 3.89% | THALES SA 3.35% |
| Honeywell Aerospace Inc 3.53% | ROLLS-ROYCE HOLDINGS PLC 3.04% |
| Axon Enterprise Inc 2.96% | HANWHA AEROSPACE CO LTD 2.51% |
| Amphenol Corp 2.65% | HINDUSTAN AERONAUTICS LTD 2.09% |
| Eaton Corp PLC 2.40% | LEONARDO SPA 2.07% |
| ATI Inc 1.74% | BHARAT ELECTRONICS LTD 2.06% |
Weight overlap is an ETFIQ calculation: for every security both funds hold, the smaller of the two weights, summed. Above 50%, holding both is close to holding one of them twice. Holdings dated Jun 30, 2026 and Sep 19, 2026.
Performance, window by window
| Window | Total return | vs the S&P 500 | vs the Nasdaq-100 | |||
|---|---|---|---|---|---|---|
| PPA | WDGF | PPA | WDGF | PPA | WDGF | |
| 3 months | −8.8% | −2.8% | −11.0 pts | −5.1 pts | −6.3 pts | −0.3 pts |
| 6 months | −5.5% | −8.3% | −23.5 pts | −26.3 pts | −29.7 pts | −32.5 pts |
| 1 year | +6.0% | −0.4% | −10.6 pts | −17.0 pts | −15.8 pts | −22.2 pts |
| 3 years | +98.2% | not published | +19.8 pts | not published | +0.1 pts | not published |
| Since launch | +985.0% | +0.5% | +181.5 pts | −17.0 pts | −705.2 pts | −23.1 pts |
| PPA Invesco Aerospace & Defense ETF Holds 63 stocks in defense, 72% of its weight in S&P 500 companies | WDGF WisdomTree Global Defense Fund Holds 115 stocks in defense, 35% of its weight in S&P 500 companies | |
|---|---|---|
| Issuer | Invesco | WisdomTree |
| Theme | Defense | Defense |
| In the S&P 500 | 71.7% | 34.9% |
| Active share vs the S&P 500 | 96.4% | 98.3% |
| In the Nasdaq-100 | 4.9% | 4.7% |
| Holdings | 63 | 115 |
| Top ten, share of the fund | 53.6% | 44.3% |
| Expense ratio | 0.58% | 0.45% |
| Fee for the differing part | 0.60% | 0.46% |
| Total return, 1 year | +6.0% | −0.4% |
| vs the S&P 500 | −10.6 pts | −17.0 pts |
| vs the Nasdaq-100 | −15.8 pts | −22.2 pts |
| Below its high | −13.8% | −14.8% |
| Net assets | $7.6bn | $5m |
PPA in plain words
By weight, 72% of PPA's portfolio is stocks that are also in the S&P 500; its active share against the S&P 500 is 96%. The top ten holdings are 54% of the fund across 63 positions, as published by its issuer for Sep 19, 2026. Over the year to Sep 18, 2026 the fund returned +6.0% with distributions reinvested against +16.6% for the S&P 500, so a holder was behind by 10.6 pts. It sits 13.8% below its all-time high of Mar 2, 2026.
WDGF in plain words
By weight, 35% of WDGF's portfolio is stocks that are also in the S&P 500; its active share against the S&P 500 is 98%. The top ten holdings are 44% of the fund across 115 positions, as filed for Jun 30, 2026. Over the year to Sep 18, 2026 the fund returned −0.4% with distributions reinvested against +16.6% for the S&P 500, so a holder was behind by 17.0 pts. It sits 14.8% below its all-time high of Mar 9, 2026.
Questions people ask
- Do PPA and WDGF hold the same stocks?
- By their latest filings, 50% of their books are the same securities at the same weight, which is close to holding one of them twice. Overlap is the sum of the smaller weight of every security they share.
- Which is more different from the S&P 500, PPA or WDGF?
- PPA has 72% of its weight in S&P 500 names and WDGF has 35%, so WDGF differs more from the index.
- Which is cheaper, PPA or WDGF?
- PPA charges 0.58% a year and WDGF charges 0.45%, so WDGF is cheaper. Fees come from each fund's prospectus.
Other comparisons
Where these figures came from
ETFIQ links to the documents behind every figure. It is not affiliated with any issuer, and a link is not an endorsement.
Cite this page. ETFIQ, PPA against WDGF, data as of Sep 18, 2026. https://etfiq.com/compare/themes/ppa-vs-wdgf Free to use with attribution; the underlying files are at Open data.